MAJOR BOOST TO THE CAMPAIGN FOR A RURAL STRATEGY:
The Independent Food, Farming & Countryside Commission hosted by the RSA in its report launched on Tuesday 16th July ‘Our Future in the Land’ has added its voice to the calls by the RSN and the House of Lords Select Committee for a comprehensive Rural Strategy (more to follow)
The report found that financial services providers had should always be acting in their customers’ best interests, but they are currently not required to do so. It also examined the so-called loyalty penalty (the cost of being a long-standing customer) and the impact of bank branch closures.
The Daily Mail covered the report’s warning that Britain will soon become a cashless society, leaving vulnerable people ‘at risk’ if ATM machine closures are not halted with ‘urgent action’.
The article notes that 3,200 cash machines have closed since January 2018 and argues that directing customers towards Post Offices to make money deposits and withdrawals is ‘no substitute for a real bank’.
→ www.parliament.uk - Banks can no longer ignore financial inclusion, warns Treasury Committee
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